April 24, 2024

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Jean Claude Trichet

Trichet Succession: The Austrian Nowotny Has Chances As Outsider

The European Central Bank (ECB) will appoint a new president in November 2011. The favorites are the German Axel Weber and the Italian Mario Draghi. But Nowotny has outsider chances.

Head of Erste Bank Treichl advocates stress test ranking

"Then, investors can visualize the results," said Treichl after a bankers' meeting with Trichet.